Invesco Ltd. $IVZ Shares Acquired by Forum Financial Management LP

Forum Financial Management LP lifted its position in shares of Invesco Ltd. (NYSE:IVZ) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,327 shares of the asset manager’s stock after buying an additional 791 shares during the period. Forum Financial Management LP’s holdings in Invesco were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in IVZ. GAMMA Investing LLC increased its holdings in shares of Invesco by 19.6% during the 1st quarter. GAMMA Investing LLC now owns 22,616 shares of the asset manager’s stock worth $343,000 after buying an additional 3,714 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco by 15.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,861 shares of the asset manager’s stock worth $864,000 after buying an additional 7,796 shares during the last quarter. Elevated Capital Advisors LLC increased its holdings in shares of Invesco by 3.8% during the 1st quarter. Elevated Capital Advisors LLC now owns 41,084 shares of the asset manager’s stock worth $623,000 after buying an additional 1,517 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager’s stock worth $296,000 after purchasing an additional 3,778 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Invesco by 8.5% during the 1st quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager’s stock worth $6,148,000 after purchasing an additional 31,643 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ stock opened at $22.97 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $24.54. The stock has a market capitalization of $10.24 billion, a PE ratio of 24.70, a P/E/G ratio of 0.82 and a beta of 1.66. The firm has a 50 day moving average of $22.48 and a two-hundred day moving average of $18.43.

Insider Buying and Selling

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the transaction, the director owned 29,855 shares of the company’s stock, valued at $660,392.60. This trade represents a 77.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Invesco from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Zacks Research raised shares of Invesco to a “hold” rating in a research report on Tuesday, August 12th. Wells Fargo & Company raised shares of Invesco from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $14.50 to $18.00 in a research report on Friday, July 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Invesco in a research report on Friday. Finally, Evercore ISI increased their price objective on shares of Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.85.

Invesco Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.